While Mortgage Rates Fall, Home Values Rise in New Hampshire
At a time of low mortgage rates, see if homes in The Granite State are a good deal.
Current home values in New Hampshire
Home values have been rising throughout New Hampshire and are up 3.95% from a year ago.
Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $279,200 , Zillow says.
Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.
With the 30-year mortgage rate at 3.69% and the median home price for New Hampshire at $279,200 , a representative monthly mortgage payment would be $1,283.53.
How the New Hampshire housing market stacks up
Portsmouth, New Hampshire, USA.
Property values in New Hampshire are high by historical standards and are higher than what the typical house is worth nationwide.
The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.
Zillow predicts U.S. home values will rise 2.2% over the next year, while in New Hampshire, they're expected to rise 0.76%.
Homes are going on the market in New Hampshire at a median price of $167 per square foot, versus $155 per square foot nationwide.
Are you looking to buy? Take a look at today's best mortgage rates where you live.
New Hampshire home prices over the last 10 years
| Year | Avg. Price |
|---|---|
| 2019* | $289,563 |
| 2018 | $276,942 |
| 2017 | $258,517 |
| 2016 | $240,417 |
| 2015 | $229,542 |
| 2014 | $221,042 |
| 2013 | $213,150 |
| 2012 | $205,767 |
| 2011 | $207,442 |
| 2010 | $220,092 |
| 2009 | $225,042 |
*2019 price average through August 2019.
How much for an average-sized home?
Here's what a 2,500-square-foot home in New Hampshire is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.
| Year | Avg. Price |
|---|---|
| 2019* | $417,500 |
| 2018 | $397,500 |
| 2017 | $375,000 |
| 2016 | $345,000 |
| 2015 | $330,000 |
| 2014 | $317,500 |
| 2013 | $307,500 |
| 2012 | $297,500 |
| 2011 | $300,000 |
| 2010 | $320,000 |
| 2009 | $322,500 |
*2019 price average through August 2019.
